pitachio7712

Revisiting an old Chart

TVC:USOIL   CFDs on WTI Crude Oil
This is no longer a chart about the Russian invasion of Ukraine. initially it Was as I expected high price volatility. OPEC does not want extreme price volatility, but I don't think they wanted this either. This chart is telling the story of corporate greed at the cost of the consumer. let me put this into perspective. Today’s average price of gas in the U.S. is $3.58 per gallon. In January of 2022 the average price of gas in the U.S. was $3.32 per gallon. YOU are paying premium prices for CHEAPER OIL. it's typical for the consumer to be milked like a cow but it's interesting to see how prices have reacted during volatile conditions.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.